Summit Systems has announced the availability of a new service which, according to the firm, allows easy modelling and precision pricing of customized and sophisticated exotic instruments. Summit’s Multi Underlying Structured Trade (MUST) enables users to create new trade types whose underlyings span multiple asset classes. Trade characteristics can include any number of customized trade legs with embedded payoff formulas, plus user-defined variables that encompass trade input options and intermediary payoff variables to model path dependency, or output variables. MUST employs a dedicated Brace-Gatarek-Musiela (BGM) pricing model, but users may add their own proprietary model if so desired. In the past, introducing a new trade type involved a significant amount of programming using a vendor’s API toolkits to define the new instrument, implement a trade-specific pricing model, and link the new instrument to other trade maintenance processes. MUST aims to cut the time delay between trade design and active trading by eliminating the need for programming.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more